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Pharmicell Co (005690) Fair Value & Analysis

Healthcare · KR · Market cap 671B KRW

PC Pharmicell Co 005690 · KO
Price11,190 KRW
Fair Value10,648 KRW
Upside-4.8%
Quality70/100
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Mixed Growth
Loss-making · -111.9% net margin
Low debt · generates free cash flow
0.47% dividend yield
Mixed vs. peers (5/11)
Narrow moat 18/100
Evidence: High Range 6,968 KRW – 25,547 KRW Share as image

Fair value as of: Jul 24, 2026

From 26 valuation models · updated 17 days ago

Fair value updated Jul 24, 2026, revised from 10,713 KRW to 10,648 KRW (−0.6%) since Jul 22, 2026. Share price +0.6% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The model range is unusually wide (6,968 KRW to 25,547 KRW). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
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Price vs Fair Value (5 years)

20,250 KRW 4,275 KRW Fair Value 10,648 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 24, 2026.

How to read this chart

60‑month range 4,275 KRW – 20,250 KRW · fair‑value band 6,968 KRW – 25,547 KRW · the 11,190 KRW price screens above the 10,648 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 24, 2026.

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Analysis

Pharmicell Co (005690) currently trades at 11,190 KRW, while our model-based Fair Value estimate is 10,648 KRW, implying the stock looks roughly 4.8% fairly valued today. The Quality Score stands at 70/100 (solid quality), in the Healthcare sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Trailing-twelve-month revenue stands at 23.9B KRW. Revenue declined 58.2% year over year. It earns a return on equity of -29.3%. Net debt stands at 2.3B KRW. Fundamentals as of Jul 24, 2026

Our scenario range runs from 6,968 KRW (bear case) to 25,547 KRW (bull case); at 11,190 KRW, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 47% below its 52-week high and 8% above its 52-week low, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -43% fair-value upside, at -5%, 005690 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF 9,499 KRW 18,563 KRW 37,112 KRW 80
Residual Income 5,820 KRW 9,434 KRW 140,523 KRW 76
Rev-Margin DCF 6,025 KRW 11,069 KRW 18,722 KRW 74
All 26 models by family
DCF Models
FCF DCF 9,985 KRW 16,454 KRW 36,457 KRW 38
Owner Earnings 10,284 KRW 23,630 KRW 52,901 KRW 31
5Y Revenue Exit 6,025 KRW 10,111 KRW 18,123 KRW 39
5Y EBITDA Exit 7,683 KRW 13,637 KRW 24,670 KRW 41
5Y P/E Exit 11,022 KRW 23,436 KRW 39,722 KRW 38
10Y Revenue Exit 6,958 KRW 13,013 KRW 18,891 KRW 36
10Y EBITDA Exit 8,340 KRW 16,337 KRW 31,012 KRW 37
10Y P/E Exit 10,768 KRW 23,033 KRW 44,815 KRW 35
Earnings-Based
Graham-Dodd 4,566 KRW 31,841 KRW 44,684 KRW 54
Lynch FV 10,063 KRW 14,375 KRW 18,688 KRW 50
PEG = 1.0 10,063 KRW 14,375 KRW 18,688 KRW 46
EPV 5,493 KRW 6,401 KRW 7,208 KRW 59
Dividend Discount
Gordon GGM 192.38 KRW 420.00 KRW 706.67 KRW 70
DDM Multi-Stage 192.38 KRW 344.05 KRW 437.71 KRW 61
Multiples
P/E Multiple 11,079 KRW 14,772 KRW 18,465 KRW 63
P/S Multiple 4,990 KRW 6,653 KRW 8,316 KRW 58
P/B Multiple 6,968 KRW 9,290 KRW 11,613 KRW 55
EV/EBIT 7,637 KRW 10,066 KRW 12,496 KRW 53
EV/EBITDA 6,881 KRW 9,059 KRW 11,237 KRW 54
EV/Revenue 4,339 KRW 6,050 KRW 7,761 KRW 43
Asset-Based
NCAV (Graham) 1,032 KRW 1,383 KRW 2,064 KRW 50
Growth DCF
Growth DCF 9,499 KRW 18,563 KRW 37,112 KRW 80
Rev-Margin DCF 6,025 KRW 11,069 KRW 18,722 KRW 74
Economic Profit
Residual Income 5,820 KRW 9,434 KRW 140,523 KRW 76
ROIC Compounder 6,812 KRW 9,824 KRW 14,098 KRW 72
Growth Earnings
Growth-Adj P/E 13,756 KRW 19,652 KRW 25,547 KRW 68

Widest divergence: Growth Earnings (19,652 KRW) versus Dividend Discount (344.05 KRW). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 23.9B KRW
Revenue growth (YoY) -58.2%
Net margin -112%
Return on equity -29.3%
Free cash flow 33.6B KRW FY2025
Operating margin -86.0%
More key figures
Dividend yield 0.3%
Net debt 2.3B KRW FY2022

Figures from reported company fundamentals · as of Jul 24, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 70/100

Of which business quality 78 · Market factors (momentum, volatility) 24

Profitability 82
Margins and returns on capital today
Quality Growth 77
Are margins and returns improving?
Cashflow 78
Earnings quality: real cash, not paper profit
Fin. Strength 91
Balance sheet, leverage, solvency risk
Investment 41
Disciplined investing over empire-building
Low Volatility 47
Calm price path (market factor)
Momentum 16
Price trend over the last 3–12 months (market factor)
52W Momentum 12
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Pharmicell Co., Ltd., a biopharmaceutical company, develops and sells autologous drugs in South Korea and internationally. The company operates in Biopharmaceutical Business and Biochemical Business divisions.

Full company description

Pharmicell Co., Ltd., a biopharmaceutical company, develops and sells autologous drugs in South Korea and internationally. The company operates in Biopharmaceutical Business and Biochemical Business divisions. It offers Cellgram_AMI that is manufactured using autologous bone marrow-derived mesenchymal stem cell to improve the ejection fraction in patients with acute myocardial infarction reperfused by coronary angioplasty. The company's products under development include Cellgram_LC to treat hepatic insufficiency; Cellgram_ED for treating impotence; and Hearticellgram_AMI, a cardiac disease drug. It develops and produces intermediates of raw material medicines, such as nucleosides and mPEGs; and low dielectric constant material, eco-friendly flame retardant, polyol synthesis catalyst, PET catalyst, etc. In addition, the company provides Half-Serum DMEM, a cell culture medium; and PharmiSTEM culture medium for mesenchymal stem cells, as well as clinical development and commercialization services for new drugs. Further, it operates stem cell bank under Twelve brand name; and develops and sells stem cell culture media cosmetics. The company was formerly known as FcB2welve Co., Ltd and changed its name to Pharmicell Co., Ltd. in September 2011. Pharmicell Co., Ltd. was founded in 1968 and is headquartered in Seoul, South Korea.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Pharmicell Co reported revenue of 114B KRW in FY2025 versus 51.8B KRW in FY2021, a compound +21.8%/yr. Reported net income was 40.3B KRW in FY2025, compounding +43.7%/yr from FY2021.

Growth Quality 82/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
114B KRW
Latest YoY
+75.9%
Avg. growth/yr (3Y)
+23.8%
Avg. growth/yr (5Y)
+24.7%
Avg. growth/yr (15Y)
+20.2%
Revenue +21.8%/yr
FY21 51.8B KRW
FY22 60.2B KRW
FY23 56.2B KRW
FY24 64.9B KRW
FY25 114B KRW
Net income +43.7%/yr
FY21 9.5B KRW
FY22 8.3B KRW
FY23 3.6B KRW
FY24 6.3B KRW
FY25 40.3B KRW

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Cite: Fair Value Calculator (2026). "Pharmicell Co Fair Value". https://www.fairvalue-calculator.com/stock/005690

Peer Group

Biotechnology · 603 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 70 · Top 25%
Fair Value upside −5% · Above median
Return on assets -5% · Above median
Net margin (TTM) -112% · Bottom 25%
Operating margin (TTM) -86% · Bottom 25%
Revenue growth -58% · Bottom 25%
Dividend yield (TTM) 0.5% · Below median
Debt / equity 0.07× · Higher than median

Valuation Multiples vs Biotechnology median · lower = cheaper

P/S (TTM) 0.02× · Cheaper than 75% of peers
P/FCF 0.0× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 27 · sector 0
FUTURE 0 · sector 0
PAST 0 · sector 0
HEALTH 97 · sector 97
DIVIDEND 9 · sector 23

Insider activity: 40/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Biotechnology stocks, each showing price versus our Fair Value estimate (as of Jul 24, 2026).

Stock Price Fair Value vs Fair Value
Vertex Pharmaceuticals Incorporated VRTX $486.03 $278.78 -43%
Regeneron Pharmaceuticals, Inc REGN $664.45 $594.40 -11%
Samsung Biologics Co 207940 1,368,000 KRW 1,091,384 KRW -20%
Celltrion, Inc 068270 175,800 KRW 76,325 KRW -57%
WuXi Biologics (Cayman) Inc 2269 HK$39.54 HK$30.42 -23%
Innovent Biologics, Inc 1801 HK$86.70 HK$19.66 -77%
Sino Biopharmaceutical Limited 1177 HK$5.26 HK$3.36 -36%
ALTEOGEN Inc 196170 276,500 KRW 44,444 KRW -84%
RemeGen Co 688331 ¥134.02 ¥26.99 -80%
Biocon Limited BIOCON ₹440.70 ₹57.36 -87%

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Frequently asked questions

Is Pharmicell Co (005690) overvalued or undervalued?
As of Jul 24, 2026, our model estimates a fair value of 10,648 KRW versus a price of 11,190 KRW, about −5% (fairly valued).
What is the fair value of 005690?
Our model-based fair value for Pharmicell Co is 10,648 KRW (as of Jul 24, 2026), built from audited fundamentals. The current price is 11,190 KRW.
What is the quality score of 005690?
Pharmicell Co has a Quality Score of 70/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Pharmicell Co (005690)?
Pharmicell Co reported trailing-twelve-month revenue of about 23.9B KRW (latest available figure, as of Jul 24, 2026).
What is the net profit margin of 005690?
The net profit margin of Pharmicell Co is about -111.9%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does Pharmicell Co pay a dividend?
Pharmicell Co currently shows a dividend yield of about 0.34% relative to its recent price (as of Jul 24, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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